Latest Realty News

New Delhi: Property prices fell by an average one per cent in the Delhi-NCR during October-December period compared with the previous quarter on higher supply, according to a report by property portal 99acres.com.

DELHI: The capital tops the list in terms of cases related to property fraud and misappropriation among all states and union territories in the country, according to the National Crime Records Bureau (NCRB).

MUMBAI: Major Indian property markets of Mumbai and Bangalore have slipped further as real estate investment destinations in the Asia-Pacific region, according to a PricewaterhouseCoopers (PwC) report. Mumbai and Bangalore have slipped to the 23rd and 20th positions in the 2014 rankings from 20th and 19th positions, respectively in 2013 survey.

DELHI: The return on investment on residential properties through rentals in tier 1 cities in India is among the lowest in the world. The rental yields in Delhi are the lowest at around 2% while Mumbai fares better at 3.5%.

DELHI: Buying a house is a cumbersome task. Some people may feel overwhelmed even after the purchase, thanks to hefty maintenance bills that can make a hole of up to Rs 4,000-5,000 per month in the pocket. Of course, the amount varies from building to building, but can become aburden for a person who is also bearing the burden of the home loan.

DELHI: Bhiwadi, a typical Tier II city, promises value for money to investors and end users alike. The town is adequately equipped to handle the huge demand for affordable housing, coming from the work force employed in various industries here.

DELHI: Thousands of prime commercial properties are up for sale in Delhi. After a gap of about one year, Delhi Development Authority is about to start selling properties in the capital. Over 50 commercial plots, six multilevel car parkings and two banquet halls have been opened up for auctions.

DELHI: Gurgaon and Manesar continue to be the hub of real estate activities in the NCR region. Despite the slowdown in the economy, demand for residential and commercial real estate in these sub-cities has not been affected appreciably.

DELHI: The Uttar Pradesh government on August 13 took a major decision to attract investment by entrepreneurs in Noida and Greater Noida. In a meeting chaired by the chief secretary it was decided to launch an initiative to improve policing and provide adequate electricity to industries in the region.

DELHI: The Delhi Development Authority flats for EWS in Dwarka may find their inhabitants soon. Low-cost housing was the prime focus of the authority meeting which was chaired by Najeeb Jung, lieutenant governor. It was then unanimously decided to allot these flats to eligible beneficiaries in nearby JJ clusters and the process for identifying them may begin in a month, said sources. However, the authority is yet to work out a finance model for recovering the cost of these flats, which are price

DELHI: Expressing concern that Rs 542 crore spent by the Delhi government on development of unauthorized colonies might be in vain, the comptroller and auditor general has said regularization of these colonies remains only “on paper”.

DELHI: The realty sector can more than double its contribution to GDP to 13 per cent by 2025 on rising housing demand, if the government removes bottlenecks in infrastructure, lowers borrowing cost and makes process of approvals shorter, global property consultant CBRE said.

DELHI: The special dispensation for de-notified SEZs in Haryana to become eligible for developing industrial colony has evoked mixed response. The developers want single window clearance for the licences but real estate insiders claimed it would not be a cake-walk.

DELHI: Private equity investment in thereal estate sector fell by 46 per cent to $ 276 million in the first half of 2013 due to lack of good projects and weak sentiments, property consultant Cushman & Wakefield said.

DELHI: The new circle rates, proposed in the range of 7-25%, are to come into force from August 1, 2013, for Noida, Greater Noida, and Ghaziabad.The proposed raise in circle rates is another setback for buyers andreal esate developers of Noida, Greater Noida, and Ghaziabad.

DELHI: Most of the apartment owners and housing societies in different parts of Gurgaon did not file their property tax despites the MCG’s deadline on the pretext that they can’t pay double taxes to different authorities – the MCG and the developer of their society.

DELHI: While property price have gone up significantly over the past couple of years, so have the salaries. The cost of property for an average Indian in 1995 was about 22 times his annual salary. Today, he can buy it at just under 5 times his annual salary.

DELHI: A day after the Delhi government announced a policy to allow the extension of lal dora land, real estate dealers in areas like Ayanagar, Ghitorni, Sultanpur and Chhatarpur have started sniffing a windfall. If all goes well, they expect an instant increase of 20% in real estate rates from the day registration of the properties starts.

DELHI: Demand for multi-storey buildings in Delhi was recorded as approximately 53 per cent during the Feb-Apr 2013 period, a rise of 2 per cent from the Nov 2012-Jan 2013 period. The growing space crunch in the capital city could be the reason behind the demand for multi-storey units being the most preferred property type across all categories.

DELHI : In a major revamp of existing property registration system, Delhi Government will put in place a transparent mechanism by end of the year under which people will be able to access hassle-free services in all 13 sub-registrar offices without any jurisdictional issue.

NEW DELHI: The skyline in outer Delhi may change in the years ahead if the government approves a plan to let private developers build high rise codomimums, spacious 15-17 story housing complexes with modern facilities. To ensure that development is uniform and planned, the government is set to finalise rules for "land pooling" which would ensure that there is no indiscriminate building spree.